Answer:
some numbers are missing, so I looked for similar questions:
"Tuition of $1044 will be due when the spring term begins in 7 months. What amount should a student deposit today, at 7.62% to have enough to pay the tuition?"
we can use the present value formula to solve this:
present value = future value / (1 + r)ⁿ
- future value = $1,044
- n = 7
- r = 7.62% / 12 = 0.635%
present value = $1,044 / (1 + 0.00635)⁷ = $1,044 / 1.045305791 = $998.75
if the numbers are not the same, just adjust the formula inputting the correct numbers, but the procedure should be the same.
First off if you ever look at someone's paycheck it has a spot on there that tells you how much is taken away. There are so many different things associated with federal income tax. Social Security, Medicare, and Medicaid are all taken out due to Federal Income Tax. Social Security is suppose to pay you back for all they have taken once you retire.
Answer:
$40,000 (U)
Explanation:
Given that,
Flexible-budget variance for materials = $2,000
Price variance for material = $38,000
Sales-volume variance = $13,000
Efficiency variance for direct manufacturing labor = $9,000 (F)
Flexible-budget variance for materials = Price variance for material + Efficiency variance for materials
2,000 (U) = 38,000 (F) + Efficiency variance for materials
Efficiency variance for materials = 2,000 + 38,000
= $40,000 (U)
Answer:
Correct Answer:
C. Neither, both calculations give the same answer.
Explanation:
In any given business calculation that is expected to arrive at a particular solution, the solution obtained would always be the same irrespective of the method adopted. <em>For the example, the case of expected return of a portfolio in a business, the calculation would definitely give the same answer when two methods are adopted.</em>
Answer: 1) CM / Sales = CM Ratio
CM = 306,000 - 238,680 = 67,320
CM Ratio = 67,320 / 306,000 = 0.22
2) CM Ratio x 2,500 = 550
Explanation:
